Esports Startup FanClash Raises $40M In Series B Funding
FanClash, a Bengaluru-based esports startup, has raised $40 million in a Series B funding round. The funding round saw participation from existing investors, including Sequoia Capital India, Falcon Edge and Info Edge India, along with Matic Networks (Polygon). With this funding, the startup aims to fuel its mission to build a global esports fantasy, data, and fan […]
Cloud Gaming Platform The Gaming Project Raises $500,000 In Seed Funding
The Gaming Project, a cloud gaming platform, has raised $500,000 in a seed funding round led by Faad Network. Upsparks, BlackKite, SucSEED Indovation Fund, MaGEHold and Hem Angels, and several other investors also participated in the funding round. As per the startup, the freshly raised funds will be used to […]
Gaming Startup Zupee Raises Fresh Funds, Valuation Hits $600 Million
Zupee, an online real-money gaming platform, has raised $72 million as part of a larger funding round from Mumbai-based fund Nepean Capital. With this funding, Zupee has closed its Series B round with $102 million funding, valuing the company at $600 million. As per the gaming platform, the raised capital […]
Rajasthan-based Gaming Platform Tournafest Raises Pre-seed Funding
Rajasthan-based gaming platform Tournafest has raised Rs 3.05 crore in a pre-seed funding round from a clutch of investors, including India Quotient, FirstCheque, and other angel investors. The funding round also saw participation from investors including Maninder Gulati (Global Chief Strategy Officer at OYO Rooms), Abhinav Sinha (Global Chief Operating […]
Report: India’s Gaming Market Is Set To Become $7B In FY 2026
According to a comprehensive report by Lumikai and Redseer, India’s gaming market is set to become $7 billion in FY2026 (more than 3X of the market in FY2021). The report titled “India Gaming Report 2021″ showed that in-app purchases are the fastest growing revenue streams of the market with an increasing number of paid […]
IAMAI Report: Indian Gaming Market To Reach $6-7B By 2025
According to a report titled ‘Building up the e-gaming ecosystem of India and the influence of smartphones’ by IAMAI in collaboration with OnePlus and RedSeer, the Indian gaming market is poised to reach $6-7 billion in value by 2025 from $1.8 billion presently. The report was launched at a roundtable […]
Report: Indian Online Gaming Segment To Reach Rs 29,000 Cr By FY25
As per a report by KPMG, the Indian online gaming segment is expected to more than double at Rs 29,000 crore by FY25. The report added that the number of gamers would rise from 43.3 crore gamers in the financial year 2020-21 to 65.7 crores by 2025. As per the […]